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this as timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with an update. good morning to you. >> reporter: let's start with geithner. he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few
this as timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with an update. good morning to you. >> reporter: let's start with geithner. he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of...
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Dec 4, 2012
12/12
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that's a big step. >> you can decide as the obama administration has not to defend doma. there's still consequences to doma being on the book and reasons why it has to go away. >> absolutely. >> if you are a same-sex couple and married it in one of the states you're now legally married and one dies you face estate tax situations. >> yeah. >> that a heterosexual couple doesn't. every time you file federal taxes you are treated differently. it says these relationships are lesser. i think we've evolved to a point this country where we accept gay and lesbian people as equal and say their relationships in the federal law are lesser than we're saying they're lesser. >> how it fits with the immigration debate as well. >> certainly. it's presently worth noting that bill clinton should maybe take a page from the joe biden playbook because he after all is the person we have to thank -- >> the joe biden playbook. >> and taking a page from it. >> thank you to ari, joy and frank for joining me today. that is all for us here at "now." see you back tomorrow at noon eastern, 9:00 a.m. pa
that's a big step. >> you can decide as the obama administration has not to defend doma. there's still consequences to doma being on the book and reasons why it has to go away. >> absolutely. >> if you are a same-sex couple and married it in one of the states you're now legally married and one dies you face estate tax situations. >> yeah. >> that a heterosexual couple doesn't. every time you file federal taxes you are treated differently. it says these...
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revenue has gone up every single year in the obama administration, and now we're at historic highs. the difference is our spending increased a trillion dollars from five years ago, but the revenue is the same. >> a lot of that spending is things to help the economy, right? it's the payroll tax cut extension, which your party supported, right? it's extending unemployment benefits and things like that. it's the war. >> right. that's going to be the challenge of the whole perspective right now. we have two philosophies. one is saying we're spending too much and the other is saying we don't spend enough. obviously the last four years are spending more to stimulate. i'm not sure if that will work long-term. we've crossed 100% of debt to gdp. i don't think that gets better as you get higher. >> the only thing that confuses me about it, i feel like in a situation where all you do is keep cutting taxes and have a revenue problem, right? you give a tax cut to the middle class you don't want it to take it away from them. you keep giving out things p and you never take them back. >> well, that
revenue has gone up every single year in the obama administration, and now we're at historic highs. the difference is our spending increased a trillion dollars from five years ago, but the revenue is the same. >> a lot of that spending is things to help the economy, right? it's the payroll tax cut extension, which your party supported, right? it's extending unemployment benefits and things like that. it's the war. >> right. that's going to be the challenge of the whole perspective...
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Dec 8, 2012
12/12
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. >> so, is this a question we should be asking the obama administration about syria? >> well, you remember, randi, that president clinton was really angry with me when i was asking that question. the fact of the matter is the question didn't prompt intervention, but there was intervention more than a year later and it stopped the war and the president enacted a peace settlement and the war stopped and peace still endures in bosnia. and i think the issue with syria raises some very important questions. president clinton himself just earlier this year said that the longer it goes without being stopped, the bigger the chance of bad actors getting involved and that is precisely what's happened, randi. that is one more reason that the administration is reluctant to intervene because now it's not just the ordinary rebellion that it started out as with people demanding reform, it is now being joined by all sorts of jihadests and extremists and al qaeda-type affiliates and this is what is really worrying the united states and the region. but this is, if you like a self-fulfil
. >> so, is this a question we should be asking the obama administration about syria? >> well, you remember, randi, that president clinton was really angry with me when i was asking that question. the fact of the matter is the question didn't prompt intervention, but there was intervention more than a year later and it stopped the war and the president enacted a peace settlement and the war stopped and peace still endures in bosnia. and i think the issue with syria raises some very...
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Dec 10, 2012
12/12
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>> well, that's the big -- that's part of the reason why the obama administration has done in the views of many so little toward getting president assad out, and that's because they are just really afraid. syria looks -- syria would be so much worse. you saw the break-up of iraq after the united states invasion in 2003. syria would be that times 10. and there's a lot of worry about what are you going to do with that? you have a worry about the slaughter of the allies in the mountains. you have to worry about just this whole break-up and who would govern this region that is so, so -- this country that is so critical for the whole region. but i do think, though, that chemical weapons would be sort of -- that -- i think for the obama administration, that's a line that they would have trouble defending their passivity so far if assad crossed. that's a hard one. it's hard for me to imagine them not doing anything. >> but given that they haven't really done very much over the past 21 months, and they haven't done very much at all, it's not implausible that they would not do the clar tiff thin
>> well, that's the big -- that's part of the reason why the obama administration has done in the views of many so little toward getting president assad out, and that's because they are just really afraid. syria looks -- syria would be so much worse. you saw the break-up of iraq after the united states invasion in 2003. syria would be that times 10. and there's a lot of worry about what are you going to do with that? you have a worry about the slaughter of the allies in the mountains. you...
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what you're looking at is people, perhaps, moving to get ahead of the obama administration's new and highly unattractive tax plan for investors. big winners on the day, financials, citi group stock up after announcing they are laying off 4% of the work force, cutting cost, bank of america and travelers example of the financialses movg higher. marathon, chevron, conoco all higher. crude oil down for a second straight day closing under 88 a barrel, an ten yeartreary down to 1.59%. no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry forhe report. >> trying to lay blame for stalled buet talks
what you're looking at is people, perhaps, moving to get ahead of the obama administration's new and highly unattractive tax plan for investors. big winners on the day, financials, citi group stock up after announcing they are laying off 4% of the work force, cutting cost, bank of america and travelers example of the financialses movg higher. marathon, chevron, conoco all higher. crude oil down for a second straight day closing under 88 a barrel, an ten yeartreary down to 1.59%. no progress in...
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Dec 9, 2012
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do you have imagine what might have happened if the obama administration had intervened early by imposing a no-fly zone at very little cost and risk to the united states over syria, if assad had been gone 12 months ago fwe were now in the midst of a transitional process with an opposition that hadn't been radicallized by the influx from jordan, iraq, from elsewhere. instead, we're having not only the syrian meltdown with serious consequences, but hundreds of thousands of refugees in turkey, destabilization of jordan and increasing inability in lebanon and this is spilling out all over the region, paul. >> paul: what about the president's red lines on-- president obama's red lines, so-called, on syrian chemical weapons before he said, if they move these chemical weapons there will be consequences and now they've dropped the moved argument and they're now saying if he uses those chemical weapons. are we seeing a backtracking from the the united states? >> i think the backtracking to our default position which is to do nothing at all. i think it's justifiable that they may have moved these a
do you have imagine what might have happened if the obama administration had intervened early by imposing a no-fly zone at very little cost and risk to the united states over syria, if assad had been gone 12 months ago fwe were now in the midst of a transitional process with an opposition that hadn't been radicallized by the influx from jordan, iraq, from elsewhere. instead, we're having not only the syrian meltdown with serious consequences, but hundreds of thousands of refugees in turkey,...
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Dec 6, 2012
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even if they are the victims of the attempt of the obama administration, correctly, to try to you know force the republicans to play ball on their terms, reality is, the collateral damage done to the poor in the meantime is so devastating, because the margin of reserve for those middle class, even compared to the poor is more significant than when you're making a dollar that you talked about and you've got go there -- i was on food stamps for three years i understand what it means to be on food stamps. most people are on welfare for two years or less, they use it as a stopgap measure. most people do not pimp the system. the perception is they pimp the system. you ain't doing much pimping on food stamps. about your a low rent pimp if you're on food stamps. >> alex? >> go ahead. >> reporter: i understand michael's point but i think he's giving obama -- underselling obama's effectiveness so far a little bit. obama doesn't talk a lot about the poor but in the negotiations, especialfully 2010, the president, his team, gene sperling and others were effective in protecting poor people's progr
even if they are the victims of the attempt of the obama administration, correctly, to try to you know force the republicans to play ball on their terms, reality is, the collateral damage done to the poor in the meantime is so devastating, because the margin of reserve for those middle class, even compared to the poor is more significant than when you're making a dollar that you talked about and you've got go there -- i was on food stamps for three years i understand what it means to be on food...
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Dec 10, 2012
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administration will begin an all-out drive for comprehensive immigration reform, including seeking a path to citizenship for 11 million illegal immigrants. we will see then where the repub lip cans are. what do you hope to see in the immigration reform if it is real and meaningful to bring us toward a better place in the country, mr. mayor? >> my hope is that comprehensive immigration reform will be just that. it's going to be comprehensive. it's going to include additional mushes that we secure our borders. it's going to include ways to work with employers so that we ensure that fewer employers hire folks who are here undocumented. and, third u it's going to include a pathway to citizenship, to full citizenship, for the 11 or 12 million folks who are here who are undocumented, illegal, whatever term folks want to use. who i believe should be addre addressed and we've heard in the last couple of weeks, some heartburn among republicans who are now just starting to consider the idea of comprehensive immigration reform as to whether they want to actually allow folks to become full-fleje
administration will begin an all-out drive for comprehensive immigration reform, including seeking a path to citizenship for 11 million illegal immigrants. we will see then where the repub lip cans are. what do you hope to see in the immigration reform if it is real and meaningful to bring us toward a better place in the country, mr. mayor? >> my hope is that comprehensive immigration reform will be just that. it's going to be comprehensive. it's going to include additional mushes that we...
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Dec 9, 2012
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the obama administration vacillated back and forth on what the policy was on whether to get rid of mubarak. even behind the scenes i don't think we've applied sufficient pressure on the military. the key leverage we have that the administration has is the threat to withhold funding. i must say if they don't get the message in the military from that, congress, when it comes back into session after the first of the year, i think is going to take a very close look at that. if the military wants to continue american assistance they should listen to the administration. that is to say if the administration is talking to them and not supporting morsi for his role in things like the hamas-israel cease-fire which was announced the day before morsi announced his decree. >> they did that the day after sitting down with with secretary of state hillary clinton. >> he clearly, morsi clearly felt emboldened to take that step. what president obama in six telephone conversation with president morsi before the cease-fire, as you said secretary of state there in egypt. whether there was a wink and a nod or b
the obama administration vacillated back and forth on what the policy was on whether to get rid of mubarak. even behind the scenes i don't think we've applied sufficient pressure on the military. the key leverage we have that the administration has is the threat to withhold funding. i must say if they don't get the message in the military from that, congress, when it comes back into session after the first of the year, i think is going to take a very close look at that. if the military wants to...
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the obama administration could announce appointments to his national security team some time in the next two weeks. according to administration officials and john kerry's name obviously is floated for two positions, secretary of defense and secretary of state. joining john kerry on the short list to replace leon panetta at the pentagon is former republican senator chuck hagel who met with president obama at the white house this week. as for hillary clinton's position at the state department, the national journal reports that president obama is, quote, genuinely conflicted over whether to pick kerry or united nations ambassador susan rice. president obama said yesterday that republican attacks against susan rice will not influence his decision. jo ari, what do you make of the chuck hagel situation with his name floating into the mix now? >> i thinkç it's a good faith efforts to take in a wide range of views. we know that president obama in his first term, obviously, went with secretary gates despite his ties to republican foreign policy. hagel is more of a progressive voice, but i'm not
the obama administration could announce appointments to his national security team some time in the next two weeks. according to administration officials and john kerry's name obviously is floated for two positions, secretary of defense and secretary of state. joining john kerry on the short list to replace leon panetta at the pentagon is former republican senator chuck hagel who met with president obama at the white house this week. as for hillary clinton's position at the state department,...
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Dec 8, 2012
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the obama administration is signaling it may step in and actively enforce federal drug laws which still outlaw smoking marijuana. and that could create very tricky political balancing act for president obama himself. john avlon is "outfront" on this story right now. this is a tightrope for the president, john. >> it is. it's fascinating. a brand new quinnipiac poll illustrates what a tough situation this is. for the first time, a narrow majority of americans, 51%, support legalizing marijuana. but here's where it gets politically interesting. when you break it down by party i.d., 58% of democrats and independents support legalizing marijuana. clear majority. only 31% of republicans do, however. so it's a fascinating shift where liberals and independents are saying, look. states rights at least on this issue. more individual liberty. and republicans are being more traditionalist about their attitudes. final point, this poll makes very clear it's a generational shift. just a second ago you were talking about the evolution of this issue of same-sex marriage. same thing with marijuana legal
the obama administration is signaling it may step in and actively enforce federal drug laws which still outlaw smoking marijuana. and that could create very tricky political balancing act for president obama himself. john avlon is "outfront" on this story right now. this is a tightrope for the president, john. >> it is. it's fascinating. a brand new quinnipiac poll illustrates what a tough situation this is. for the first time, a narrow majority of americans, 51%, support...
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Dec 2, 2012
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he's out there suggesting the obama administration -- how can you repeat this stuff -- is in cahoots with the muslim brotherhood. this is malarkey. malarkey is a good word. love me. ...but most dry foods add plant protein, like gluten iams never adds gluten. iams adds 50% more animal protein, [ dog 2 ] look at me! i'm a lean, mean flying machine [ dog 1 ] i am too! woo hoo! [ male announcer ] iams. with 50% more animal protein. [ dog 2 ] i'm an iams dog for life. not a rabbit. woof! i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. often comes with a set of equally impressive instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not much to learn because it's powered by windows... to let you do more than you ever imagined on your smartphone. exclusively wit
he's out there suggesting the obama administration -- how can you repeat this stuff -- is in cahoots with the muslim brotherhood. this is malarkey. malarkey is a good word. love me. ...but most dry foods add plant protein, like gluten iams never adds gluten. iams adds 50% more animal protein, [ dog 2 ] look at me! i'm a lean, mean flying machine [ dog 1 ] i am too! woo hoo! [ male announcer ] iams. with 50% more animal protein. [ dog 2 ] i'm an iams dog for life. not a rabbit. woof! i heard you...
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. >>> having won the election, president obama's administration faces a new challenge now. forming the cabinet. he wants new faces so the cabinet wouldn't look like a, quote, second stringers. he's already facing opposition from republicans. here's emily schmidt. >> reporter: a white house photo op. >> this is an opportunity to meet with my wonderful cabinet. >> reporter: an imminent cabinet shuffle is expected. >> the president has got a lot of very good people to choose from, but he wants to put together a team, especially in international affairs, a team overall that going into the second term doesn't look like a group of second stringers. >> reporter: it's already politically charges. susan rice is thought to be a leading contender, but some republicans have been highly critical of rice following the attack on the u.s. consulate in libya. >> when they go after the u.n. ambassador apparently because they think she's an easy target, then they even got a problem with me. >> senator mccain. >> thank you very much, mr. secretary. >> senator jokingly gave the post to senator
. >>> having won the election, president obama's administration faces a new challenge now. forming the cabinet. he wants new faces so the cabinet wouldn't look like a, quote, second stringers. he's already facing opposition from republicans. here's emily schmidt. >> reporter: a white house photo op. >> this is an opportunity to meet with my wonderful cabinet. >> reporter: an imminent cabinet shuffle is expected. >> the president has got a lot of very good people...
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Dec 4, 2012
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for now, the obama administration is backing up its public warnings by sending private messages to assad through one of his few remaining allies, russia. >> pelley: david, thank you. the assad dictatorship has ruled syria for more than 40 years. the syrian people rebelled last year and it's been open warfare ever since. it's extremely hazardous for reporters to get into the war zone, but elizabeth palmer managed to reach a neighborhood under siege on the outskirts of the capital city, damascus. >> reporter: it's 6:00 p.m. the heavy shelling doesn't usually start until 9:00, so it's safe to go for a tour of this wrecked and virtually deserted neighborhood. this was one of the first neighborhoods to rise up against president bashar al-assad and for almost two years it's been punished. now 80% of the residents have been driven out. our guide was 21-year-old sara. the few people who remain here are too poor to leave or, like sara, too committed to the anti- regime fight. you're among the 20% who stayed. why? better to live here and die with dignity than go to a refugee camp? >> yes, die and
for now, the obama administration is backing up its public warnings by sending private messages to assad through one of his few remaining allies, russia. >> pelley: david, thank you. the assad dictatorship has ruled syria for more than 40 years. the syrian people rebelled last year and it's been open warfare ever since. it's extremely hazardous for reporters to get into the war zone, but elizabeth palmer managed to reach a neighborhood under siege on the outskirts of the capital city,...
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revenue has gone up every year of the obama administration and now, we're at historic highs. the same as we were five years ago. the difference is, our spending has increased a trillion dollars. >> yeah, but a lot of that spending is things to help the economy. it's the payroll tax cut extension, which your party supported. it's extending unemployment benefits. it's things like that. t the war. >> that's going to be the challenge of the whole perspective. we've got two philosophies. one says we're spending too much. the other saying we're not spending enough. that's hurting our economy. obviously, the last four years have been more focused on the spending. we continue to pile up more and more debt, we've crossed 100% of debt to gdp. >> but you're line of thinking, i feel like we end up in a situation where all you doe is keep cutting taxes. you start to have a revenue problem. you give a payroll tax, you don't want to tack it away. you keep giving out things and never take them back. >> well, that's the same thing we do on the spending side. >> all those agencies -- is now st
revenue has gone up every year of the obama administration and now, we're at historic highs. the same as we were five years ago. the difference is, our spending has increased a trillion dollars. >> yeah, but a lot of that spending is things to help the economy. it's the payroll tax cut extension, which your party supported. it's extending unemployment benefits. it's things like that. t the war. >> that's going to be the challenge of the whole perspective. we've got two philosophies....
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Dec 6, 2012
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and the obama administration just started ramping up prosecutions of this. this is unusual for me. >> yeah. do you agree, goldie? >> i do, except heroin is making a comeback and that's really unfortunate. but do i think the legalization of marijuana will increase its usage, i don't. people who want to partake, are already partaking. so i think that we ought to just remove the gloves, let people do what they want to do in the privacy of their own homes. free up our police to direct their things to things that are much more important. these people aren't going to get in the car and drive. hell, they can't even kind their far keys after a good joint. so the issue really is about criminalizing things and making a pathway for our young boys, chiefly boys, from the high school straight to prison. that pipeline is as straight as it's ever been. >> krystal, another change versus just a few years ago, same-sex marriage. here are the nine states plus d.c. where it is legal, another five states allow civil unions. you can see them there. poll numbers show it's growing
and the obama administration just started ramping up prosecutions of this. this is unusual for me. >> yeah. do you agree, goldie? >> i do, except heroin is making a comeback and that's really unfortunate. but do i think the legalization of marijuana will increase its usage, i don't. people who want to partake, are already partaking. so i think that we ought to just remove the gloves, let people do what they want to do in the privacy of their own homes. free up our police to direct...
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Dec 6, 2012
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president obama administration is quietly handing over billions of dollars to the united nations in the name of global warming. >> that was the opening salvo of a recorded message that was sent to qatar where they joined 200 countries around the world this week at a united nations climate issue summit. negotiations continue regarding a large scale climate treaty to be signed by 2015. while the u.s. senate would have to ratify any international treaty by two-third vote, inhalf says he and others are more concerned about the domestic regulations. he continued to press white house about why the administration failed to issue reports on pending regulations in april and october as required by law. the white house wouldn't explain the last to us, the source says the federal agencies are in the process of pulling together that information. bret? >> bret: thank you. there are a lot of extremely happy people in washington state tonight at the stroke of midnight, hundreds lit up under the seattle space needl needle. recreational marijuana use became legal. washington and colorado became the first
president obama administration is quietly handing over billions of dollars to the united nations in the name of global warming. >> that was the opening salvo of a recorded message that was sent to qatar where they joined 200 countries around the world this week at a united nations climate issue summit. negotiations continue regarding a large scale climate treaty to be signed by 2015. while the u.s. senate would have to ratify any international treaty by two-third vote, inhalf says he and...
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Dec 5, 2012
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this announcement by fema and the obama administration is receiving shock from all elelingted officials in maryland who have some start of tie to the eastern shore. senators pleaded once again with the fema director for help. >> people woke up to this headline "u.s. denies aid to storm victims." this is the picture. >> the senator speaks wednesday at a sub committee on capitol hill expressing sadness and disbelief that fema denied the state's request for individual assistance for residents affected by superstorm sandy. also in attended was another senator who pointed out why the state was spared 30 inches of snow still fell and areas around the crab capitol were destroyed by flooding. >> if you live in parts of maryland you are suffering as much as any community in this storm. >> both the governor and fema director have pledged to appeal the denial, has expressed outrage saying "i cannot remember a public policy decision that more deeply grieves me than the denial of individual assistance aid to families, homes, easy businesses. as one of maryland's poorest counties they need the help t
this announcement by fema and the obama administration is receiving shock from all elelingted officials in maryland who have some start of tie to the eastern shore. senators pleaded once again with the fema director for help. >> people woke up to this headline "u.s. denies aid to storm victims." this is the picture. >> the senator speaks wednesday at a sub committee on capitol hill expressing sadness and disbelief that fema denied the state's request for individual...
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obama carried florida's cuban america vote. they want the white house to take it. >> the administration has been visited by us to make it clear that this needs to be a high priority. we got to get alan gross back. >> alan gross is 63 years old and his family says he has health problems. he is serving a 15 year prison sentence. >> thanks so much. those five cubans were arrested in the u.s. in 1998. the castro government admits they were spying, but refers to them as heros. >>> anti-apartheid icon nelson mandella has been admit today a hospital in south africa. mandella is undergoing tests and there is no cause for alarm. in a statement they said the former south african president is doing well. he does receive medical treatment from time to time which is fairly consistent with a man his age. >>> officials at the hospital where the duchess of cambridge was treated are now publicly condemning a prank that happened just days before one of their nurses ended up dead. tonight we have an update on those pranksters. >> fellow nurses le
obama carried florida's cuban america vote. they want the white house to take it. >> the administration has been visited by us to make it clear that this needs to be a high priority. we got to get alan gross back. >> alan gross is 63 years old and his family says he has health problems. he is serving a 15 year prison sentence. >> thanks so much. those five cubans were arrested in the u.s. in 1998. the castro government admits they were spying, but refers to them as heros....
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these days, the last thing the obama administration wants to do is go into iraq. in terms of will syria actually use them? i don't think we have any idea. what we do know, is they're not useful militarily. they're helpful in an negotiation, about getting them out. it's hard to see how they advance his cause. >> assad would face complete obliteration if he does this. and some say he wants asylum in venezuela or whatever. he's not a stupid man. why would he risk the wrath of the world ascending on him? >> it's hard to see how this advances his cause, except as part of the negotiation. if you're trying to get a better deal for your family, then, maybe it's useful. >> would this create an internal coup, with his background? i don't know how sane he is or not, and what he's done. he's killing his own people. he's butchering his own people. when do the colonels come after him, to use a latin phrase? >> i don't think that happens. if anything, i think assad may be a prisoner of his security establishment. i don't think he will be pushed aside by his aides. >> when do the
these days, the last thing the obama administration wants to do is go into iraq. in terms of will syria actually use them? i don't think we have any idea. what we do know, is they're not useful militarily. they're helpful in an negotiation, about getting them out. it's hard to see how they advance his cause. >> assad would face complete obliteration if he does this. and some say he wants asylum in venezuela or whatever. he's not a stupid man. why would he risk the wrath of the world...
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Dec 8, 2012
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joining us is the former budget director for the obama administration. vice chairman of global bang banking at citigroup, a veteran of these negotiations. thank you for being here on a friday night. >> good to be with you. >> peter, you have been in a lot of these negotiations. you've been in there, seen how they go. what is your take right now? >> i think as you pointed out, it's still early. it's december 7th. both sides would be complaining if there were actually an agreement in place right now. but you can see the pieces coming together, as you laid out, on the fiscal cliff. some increase in marginal tax rates coupled with some kind of cutting back on tax expenditures. the real concern is shifting or will shift from the fiscal cliff to the debt limit. it's not at all clear that the republicans will agree to including a debt limit increase in that kind of package. if they don't, we may get past december 31st only to find ourselves with a big problem in february or march. >> the obama administration, the white house has been very clear, they will not s
joining us is the former budget director for the obama administration. vice chairman of global bang banking at citigroup, a veteran of these negotiations. thank you for being here on a friday night. >> good to be with you. >> peter, you have been in a lot of these negotiations. you've been in there, seen how they go. what is your take right now? >> i think as you pointed out, it's still early. it's december 7th. both sides would be complaining if there were actually an...
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and were increased by the obama administration. the report is not political in any way shape or form. it endorses things that are supported by the right in some cases and that are supported by people on the left. you cannot just take the parts that you like. you have to take the holistic approach, to maximize u.s. production and to reduce consumption partly by diversifying our transportation sector away from petroleum. the last thing i will say is that petroleum use in transportation is the pivot point of this entire problem. 70% of our use of petroleum in this country is for transportation. transportation is fueled about 93% of the time by petroleum. if you want to reduce the united states' dependence on imported petroleum and the related geopolitical issues, particularly in an issue when rising demand is creating a potential conflict for these resources, then you have to recognize transportation has to be diversified away from petroleum or the prices are set on the world market. canada and norway have been net petroleum exporters
and were increased by the obama administration. the report is not political in any way shape or form. it endorses things that are supported by the right in some cases and that are supported by people on the left. you cannot just take the parts that you like. you have to take the holistic approach, to maximize u.s. production and to reduce consumption partly by diversifying our transportation sector away from petroleum. the last thing i will say is that petroleum use in transportation is the...
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this new intelligence has the obama administration so concerned, harsh warnings came today from the president himself. >> i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is and would be totally unacceptable. if you make the tragic mistake of using these weapons, there will be consequences, and you will be held accountable. >> reporter: a senior official tells abc news that there are contingency plans for military action if the weapons became a threat. the syrian regime said today it would not use chemical weapons under any circumstance, but president assad's father used them, diane, and assad himself has been massacring his citizens for nearly two straight years, as you know. >> i do, and thank you, martha raddatz, reporting in on syria tonight. >>> and now we turn to a health alert from the nation's top doctors. flu season has begun weeks ahead of schedule, and it's promising to be a bruising year for the flu. but abc's chief medical editor dr. richard besser says there is a smart way to take care of your family toni
this new intelligence has the obama administration so concerned, harsh warnings came today from the president himself. >> i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is and would be totally unacceptable. if you make the tragic mistake of using these weapons, there will be consequences, and you will be held accountable. >> reporter: a senior official tells abc news that there are contingency plans for...
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. >> it's interesting that the obama administration is not defending the law with the justice department. is that significant? >> it's very significant. it's pretty unusual. it happens once in a while. obama's come out and said, we've looked at this. it's a legal issue that we've looked at and it is an unconstitutional statute so we're not going to defend it. could be a political thing, too. >> what does that mean for gay people if the defense of marriage act is struck down in this country? >> it just means that we're going to have availability of benefits on the federal level. we have them on the state level for those states that have same-sex marriage. but it's not going to make it illegal not to have same-sex marriage. it will be a start in the right direction for full rights for gay people. >> for self-esteem and for -- as gay people say, pride, it would also mean a lot as well? >> it's the first step. and i think it's the right decision. >> thank you, karen. very interesting. argued in front of the supreme court. good stuff. >>> next here on cnn -- >> an nba legend sits down to talk
. >> it's interesting that the obama administration is not defending the law with the justice department. is that significant? >> it's very significant. it's pretty unusual. it happens once in a while. obama's come out and said, we've looked at this. it's a legal issue that we've looked at and it is an unconstitutional statute so we're not going to defend it. could be a political thing, too. >> what does that mean for gay people if the defense of marriage act is struck down in...